Swenson Corporation has four independent manufacturing divisions. The following data apply to the divisions for the year
Question:
Swenson Corporation has four independent manufacturing divisions. The following data apply to the divisions for the year just ended
Required:
1. For each of the four divisions, calculate:
a. Applied manufacturing overhead
b. Over- or under-applied manufacturing overhead
c. Cost of goods manufactured, assuming no work-in-process inventories
d. Average cost per unit produced
2. Interpretive Question: How would you recommend that the over- or under-applied manufacturing overhead be disposed of in each division?Why?
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Transcribed Image Text:
Cook Fulton Pike Fayette $145,000 33,000 Direct materials costs Direct labor hours Direct labor costs Actual manufacturing overhead Machine hours worked. Number of units produced Predetermined overhead rate. $200,000 $350,000 $130,000 75,000 S120,000 $200,000 $150,000 $150,000 $125,000 $150,000 $80,000 $25,000 150,000 75% of direct labor costs 40,000 $3.30 per direct labor hour 4,250 50% of 11,000 $1.50 per machine hour direct mate- rials costs
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
1 Calculations Cook Fulton Pike Fayette a Basis for application 150000 350000 75000 13000 Predetermi...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Question Posted:
Students also viewed these Managerial Accounting questions
-
The following data apply to items (a) through (g): Required Answer the following multiple-choice questions: a. The acid-test ratio for 2009 is 1. 1.1-to-1. 2. 0.9-to-1. 3. 1.8-to-1. 4. 0.2-to-1. 5....
-
The following data apply to a closed link traverse [like that of Figure 9.1(b)]. Compute preliminary azimuths, adjust them, and calculate departures and latitudes, misclosures in departure and...
-
The following data apply to a closed link traverse [like that of Figure 9.1(b)]. Compute preliminary azimuths, adjust them, and calculate departures and latitudes, misclosures in departure and...
-
A car costs 12,000. It will be kept for three years, and then sold for 3,000. Calculate the depreciation for each year using (a) the reducing balance method, using a depreciation rate of 35 per cent,...
-
What is the difference between gross profit and gross profit margin? Why is it useful to calculate a company's gross profit margin?
-
Distinguish between Balance Sheet and Funds Flow Statement.
-
For the HiTech bond of Example 17.4, suppose that default is recognized only at maturity and that no restitution is made, that is, the default is ignored. What is the value of that bond? - Example...
-
The smallest defect in a computer chip will render the entire chip worthless. Therefore, tight quality control measures must be established to monitor the chips. In the past, the percentage defective...
-
Find the units digit of 329 +1112 +15. modulus n, an
-
The Texas Consolidated Electronics Company is contemplating a research and development program encompassing eight research projects. The company is constrained from embarking on all projects by the...
-
Al Ordan Furniture Company manufactures only custom furniture and uses a job order costing system to accumulate costs. Actual direct materials and direct labor costs are accumulated for each job, but...
-
Openshaw Manufacturing Company made the following estimates at the beginning of the year: Manufacturing overhead is applied on the basis of machine hours in the machining department and on the basis...
-
Perform the indicated operations and express the result in simplest radical form with rationalized denominators. 8 V 27
-
How can households, who need to invest their excess funds, reduce their risk?
-
How would you find WACC when equity is from retained earnings?
-
Discuss the general principles / ideas that involve the measurement and management of translation / accounting exposure.
-
In March 1868, an entrepreneur issued $1000 bonds (to pay for an access road in the city). The bonds carried a 6% annual interest rate payable semiannually. The entrepreneur paid the interest until...
-
Define NPV, IRR, MIRR, PI, and Payback. What do these help mangers to do? Which of these do you prefer, why do you say this? Which is the worst method? Why do you say this? What is Capital Rationing?
-
What is the first step of project crashing with linear programming? a. determine the objective function b. define decision variable for the linear program c. determine crash constraints d. determine...
-
Identify one local business that uses a perpetual inventory system and another that uses a periodic system. Interview an individual in each organization who is familiar with the inventory system and...
-
Let (a) Calculate S n for 1 n 10. (b) Use the inequality in (2) to show that 0.9 S 0.902. S = [(-1)"+_ n=1 n
-
The following data are from the income statements of Charles Company. (a) Compute for each year (1) the inventory turnover and (2) the average days to sell the inventory. (b) What conclusions...
-
The following data are from the income statements of Charles Company. (a) Compute for each year (1) the inventory turnover and (2) the average days to sell the inventory. (b) What conclusions...
-
Ming Company has stockholders equity of $400,000 and net income of $68,000. It has a payout ratio of 20% and a rate of return on assets of 16%. How much did Ming pay in cash dividends, and what were...
-
I choose "Tank Attacks" difficult behavior from the Brinkman book, Dealing with People You Can't Stand. And explained how that difficult behavior derives from one of the BEST personality types. 1....
-
Question 30 5 points Save Answer You are angry that a friend has accused you of betraying a confidence to another friend, and you didn't betray the confidence. Your friend called you names, made the...
-
1. What important fiber is not a carbohydrate? 2. Americans generally do not consume enough fiber. How much fiber should be consumed each day. 3. Why does brown rice contain more fiber than white...
Study smarter with the SolutionInn App